Hello friends! โ๐ผ The profitable week is coming to an end! Have a great weekend!
As we can see, the price has left the channel, which it has been in since October 21. The channel was falling. But yesterday, the price was able to break through the upper channel line and rise up to the resistance line, which originates in early August.
Notice how the price bounces off the level and the resistance line. The price pushed away from the level so much that it was able to break through the support lines and move up to the resistance line, which it is currently on. I expect the price to bounce off the resistance line and move down to the support line.๐
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.